Coupa Software shares jump 12% on strong Q3 revenue guidance

Shares of Coupa Software Inc. COUP, +0.54% jumped 12% successful extended trading Tuesday aft the bundle institution reported fiscal second-quarter results. Coupa reported a nett nonaccomplishment of $91.5 million, oregon $1.24 a share, compared with a nett nonaccomplishment of $43.1 million, oregon 64 cents a share, successful the year-ago quarter. Revenue roseate 42% to $179.2 cardinal from $125.9 cardinal a twelvemonth ago. The gross breezed past expert estimates, and Coupa offered beardown third-quarter gross guidance of betwixt $177 cardinal and $178 cardinal --- easy topping estimates. Analysts surveyed by FactSet had expected a nett nonaccomplishment of 6 cents a stock connected gross of $162.9 cardinal during the 2nd quarter. Coupa's banal is down 22% truthful acold successful 2021. The broader S&P 500 scale SPX, -0.34% has gained 20% this year.